OPENING OF BANKRUPTCY

FINVEX

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Financial year 2018 · closed on 31/12/2018

Net result

-374,1 k €

+47.9% YoY

Gross margin

85,8 k €

-82.8% YoY

Equity

-493 k €

-314.5% YoY

Workforce

2,8 ETP

-47.2% YoY

Company — Opening of bankruptcy.

What does FINVEX do?

FINVEX is a Public limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0823.188.718

Incorporation

12/02/2010

Legal form

Public limited company

Registered office

Rue des Colonies 11
1000 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2018

Average workforce

2,8 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 64200Activities of holding companies 64210Activities of holding companies+6

Joint committees (1)

Contacts

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Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	85,8 k €	-82.8%	499,6 k €	-37.1%	794,8 k €	-85.3%	5,4 M €	+3450%	151,8 k €	+57.2%	96,6 k €	+59.8%	60,4 k €	+510%	9,9 k €
EBITDA	-379,9 k €	+42.5%	-661,1 k €	+2.6%	-678,4 k €	-113%	5,3 M €	+4584%	113,9 k €	+99.3%	57,1 k €	-4.4%	59,8 k €	+649%	8 k €
Operating result	-402,1 k €	+42.6%	-700,4 k €	+0.1%	-701,1 k €	-113%	5,3 M €	+5349%	97,5 k €	+107%	47 k €	-0.6%	47,3 k €	+2026%	-2,5 k €
Net result	-374,1 k €	+47.9%	-718,4 k €	-1.2%	-710 k €	-120%	3,5 M €	+5645%	61,1 k €	+91.7%	31,9 k €	+7.7%	29,6 k €	+663%	-5,3 k €
Balance sheet
Equity	-493 k €	-315%	-118,9 k €	+75.4%	-482,9 k €	-313%	227,1 k €	+4.5%	217,3 k €	+39.1%	156,2 k €	+25.6%	124,3 k €	+31.2%	94,7 k €
Total assets	380,9 k €	-50.1%	763,9 k €	-61.2%	2 M €	-60.2%	4,9 M €	+85.6%	2,7 M €	+756%	311,3 k €	-10.6%	348,1 k €	+18.4%	294,1 k €
Cash	14,3 k €	+122%	6,4 k €	-93.0%	92,1 k €	-97.3%	3,4 M €	+413%	653,8 k €	+191%	224,9 k €	-14.9%	264,1 k €	+243%	77 k €
Debts	829,5 k €	-2.1%	847,5 k €	-64.7%	2,4 M €	-47.6%	4,6 M €	+92.9%	2,4 M €	+2079%	109 k €	+401%	21,8 k €	+143%	9 k €
Other
Workforce	2,8 ETP	-47.2%	5,3 ETP	+112%	2,5 ETP		–		–		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2018 · 2 active · 11 ended

Active mandates

Gilles FARRUGIA

Managing director · since 01 février 2016 · until 01 février 2022

Active

HORUS EUROPE HOLDINGS

Director · since 01 février 2016 · until 01 février 2022

Represented by Gilles FARRUGIA

Active

Ended mandates

André ROLLAND

Director · since 24 mai 2016 · until 24 mai 2017

Ended

Michel GABLE

Director · since 24 mai 2016 · until 24 mai 2017

Ended

Gilles Farrugia

Director · since 01 février 2016

Ended

Gilles FARRUGIA

Director · since 01 février 2016 · until 01 février 2022

Ended

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Annual accounts

Full financial information

	2018	2017	2016	2015	2014	2013
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2018	01/01/2017	01/01/2016	01/01/2015	01/01/2014	01/01/2013
Closing of the financial year	31/12/2018	31/12/2017	31/12/2016	31/12/2015	31/12/2014	31/12/2013
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/04/2020	26/07/2018	21/08/2017	02/06/2016	07/07/2015	27/06/2014
General meeting	05/03/2020	25/07/2018	15/06/2017	29/04/2016	29/04/2015	29/04/2014
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2018	05/03/2020	21/04/2020	French	PDF
Abridged model	31/12/2017	25/07/2018	26/07/2018	French	PDF
Abridged model	31/12/2016	15/06/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	29/04/2016	02/06/2016	French	PDF
Abridged model	31/12/2014	29/04/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	29/04/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	29/04/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/04/2012	25/06/2012	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2018 · 2 active · 11 ended

Active mandates

Gilles FARRUGIA

Managing director · since 01 février 2016 · until 01 février 2022

Active

HORUS EUROPE HOLDINGS

Director · since 01 février 2016 · until 01 février 2022

Represented by Gilles FARRUGIA

Active

Ended mandates

André ROLLAND

Director · since 24 mai 2016 · until 24 mai 2017

Ended

Michel GABLE

Director · since 24 mai 2016 · until 24 mai 2017

Ended

Gilles Farrugia

Director · since 01 février 2016

Ended

Gilles FARRUGIA

Director · since 01 février 2016 · until 01 février 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/06/2019
DEMISSIONS, NOMINATIONS - SIEGE SOCIAL
PDF
Mandates02/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/01/2018
CAPITAL, ACTIONS
PDF
Mandates12/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates26/04/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates04/08/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office22/06/2016
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/06/2016
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2018
Annual accounts 2018-374,1 k €↑
2017
Annual accounts 2017-718,4 k €↓
2016
Annual accounts 2016-710 k €↓
2015
Annual accounts 20153,5 M €↑
2015
Name changeFINVEX
2014
Annual accounts 201461,1 k €↑
2013
Annual accounts 201331,9 k €↑
2012
Annual accounts 201229,6 k €↑
2011
Annual accounts 2011-5,3 k €
2011
Name changeFINVEX GROUP
12/02/2010
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FINVEX

Overview

What does FINVEX do?

Trend over 8 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline